Oil and Natural Gas Corporation Limited (ONGC) announced its B- rating in the 2024 CDP thematic score for Climate.
The recognition highlights ONGC’s commitment to transparency in environmental, social, and governance (ESG) practices, reinforcing its role as a responsible energy leader.
By enhancing its climate-related disclosures, ONGC aligns with global best practices and accelerates its journey toward a low-carbon and sustainable future.
The Importance of CDP Scores in Driving Climate Action
CDP scores play a crucial role in guiding organizations through regulatory compliance, managing climate risks, and identifying sustainable opportunities.
They also enhance business efficiency, foster innovation, and strengthen investor confidence. Notably, companies with robust environmental transparency often outperform their peers, demonstrating the long-term benefits of sustainability-driven strategies.
As environmental responsibility becomes central to business success, ONGC recognizes the value of data-driven transparency. This approach empowers the company to transition from disclosure to meaningful climate action.
Integrating Sustainability into Core Operations
As India’s largest energy company, ONGC continues to integrate sustainability across its operations. Climate-related data offers vital insights into the economic impacts of climate risks, the effectiveness of sustainable business models, and the role of innovation in reducing environmental footprints. By consistently improving its climate disclosure practices, ONGC actively supports India’s transition to a sustainable energy ecosystem.
Sharing Data for Greater Climate Impact
ONGC remains dedicated to transparency by sharing its disclosure data with key stakeholders, including CDP Capital Market Signatories, regulatory bodies, and strategic partners.
Additionally, core climate data will be available through the Net-Zero Data Public Utility (NZDPU), facilitating industry-wide climate action.
Looking Ahead: Strengthening Sustainability Frameworks
In 2025, CDP will focus on enhancing the disclosure framework to provide greater stability. At the same time, it will minimize changes to the questionnaire and scoring methodology. This stability will allow ONGC to build on its existing sustainability initiatives and implement robust transition plans.
A Commitment to a Sustainable Energy Future
ONGC remains steadfast in balancing energy security with environmental responsibility.
According to the press release, ONGC is committed to data transparency and advancing climate disclosures. Through these efforts, the company continues to play a pivotal role in shaping a sustainable energy future for India and the global community.
